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Director of Data Governance Regulatory Initiatives, VP

Who we are looking for

The Chief Data Office is recruiting a Director of Data Governance Regulatory Initiatives to drive key regulatory initiatives being managed within the CDO data governance team in collaboration with key stakeholders across the enterprise.

What you will be responsible for

As Director of Data Governance Regulatory Initiatives, you will:

  • Lead the evaluation of data-related regulations, guidelines, and related regulatory obligations and facilitate engagement with key stakeholders to determine applicability to State Street’s businesses and determine alignment with relevant policies, and control standards.
  • Actively engage with CDO colleagues, other enterprise functions, and business units to review data related regulatory obligations and define assurance/controls frameworks needed to operationalize a sustainable compliance model for relevant data management regulations.
  • Develop enterprise level implementation plans for executing regulatory requirement assessments, development of frameworks, accountability model, policy, and control standards.   
  • Design oversight framework and oversee status reporting on data governance regulatory initiatives to applicable governance committees including Data Governance Board, Enterprise Data Management Committee.
  • Build and maintain cross-functional relationships with various Enterprise stakeholders including, compliance, enterprise risk, privacy office, information security (cybersecurity), business risk and business unit leaders to ensure their support and collaboration

What we value

These skills will help you succeed in this role

  • Experience in assurance, control, project management roles
  • Understanding of regulations that have data management focus
  • Understanding of data management and data governance concepts (previous experience in data governance, master data management domains is a plus).
  • Understanding of assurance/control frameworks
  • Excellent communication skills and influencing capabilities
  • Excellent written and oral communication skills
  • Experience in managing remotely multiple projects on top of regular activities.
  • Strong cultural awareness and ability to operate in diverse and dynamic business environment

Education & Preferred Qualifications

  • At least 7 years of experience in Finance industry, Technology Business, Data Management, Project Management, Business Analysis
  • 5+ years in Data Governance role or in role

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

Why this role is important to us.

Our technology function, Global Technology Services (GTS), is vital to State Street and is the key enabler for our business to deliver data and insights to our clients. We’re driving the company’s digital transformation and expanding business capabilities using industry best practices and advanced technologies such as cloud, artificial intelligence and robotics process automation.

We offer a collaborative environment where technology skills and innovation are valued in a global organization. We’re looking for top technical talent to join our team and deliver creative technology solutions that help us become an end-to-end, next-generation financial services company.

Join us if you want to grow your technical skills, solve real problems and make your mark on our industry.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

$150,000 - $232,500 Annual

The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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Average salary estimate

$191250 / YEARLY (est.)
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$150000K
$232500K

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What You Should Know About Director of Data Governance Regulatory Initiatives, VP, State Street

At State Street, we're on the lookout for a dynamic Director of Data Governance Regulatory Initiatives to join our Chief Data Office team in Clifton, New Jersey. This pivotal role will see you actively leading key regulatory initiatives as you work closely with stakeholders across the enterprise. With a strong focus on data-related regulations and guidelines, you'll engage with colleagues in the data governance team as well as various business units to assess and define frameworks necessary for compliance. You’ll be at the helm of developing implementation plans that encompass regulatory assessments, accountability models, policies, and control standards. As Director, you’ll also design and oversee an oversight framework for reporting on key initiatives, collaborating with governance committees like the Data Governance Board. Your expertise in data management, combined with your exceptional communication skills, will help you forge strong relationships with compliance, risk management, and cybersecurity teams to ensure collective success. Your past experience in the finance or technology sector, especially in project management or data governance roles, will set you apart. If you thrive in a fast-paced environment, enjoy driving innovation, and have a knack for making data-driven decisions, then State Street could be the perfect fit for you. We value diversity and inclusion, offering a collaborative culture where your unique background can thrive. So come and grow with us, and let's revolutionize the financial services industry together as part of our Global Technology Services team!

Frequently Asked Questions (FAQs) for Director of Data Governance Regulatory Initiatives, VP Role at State Street
What are the main responsibilities of the Director of Data Governance Regulatory Initiatives at State Street?

The Director of Data Governance Regulatory Initiatives at State Street is responsible for leading the evaluation of data-related regulations and facilitating engagement with key stakeholders to ensure compliance with regulatory obligations. This includes developing implementation plans, defining assurance frameworks, and designing oversight reporting for governance committees.

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What qualifications are required for the Director of Data Governance Regulatory Initiatives position at State Street?

Candidates applying for the Director of Data Governance Regulatory Initiatives role at State Street should ideally possess at least 7 years of experience in the finance industry and a minimum of 5 years in a data governance role. Strong communication skills, project management experience, and an understanding of data management regulations are also essential.

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How does the Director of Data Governance Regulatory Initiatives contribute to State Street's objectives?

The Director of Data Governance Regulatory Initiatives plays a vital role in ensuring that State Street meets its regulatory obligations and maintains high standards of data governance. This position aids in driving the company's digital transformation and regulatory compliance, ensuring that data-related practices align with enterprise risks.

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What skills are essential for success as a Director of Data Governance Regulatory Initiatives at State Street?

Successful candidates for the Director of Data Governance Regulatory Initiatives role should possess excellent communication and influencing skills, a deep understanding of data management concepts, and experience in managing remote projects. Cultural awareness and the ability to thrive in dynamic environments are also crucial.

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What kind of working environment can I expect as the Director of Data Governance Regulatory Initiatives at State Street?

As the Director of Data Governance Regulatory Initiatives at State Street, you can expect a collaborative work environment that values technology skills and innovation. The company promotes a strong culture of diversity and inclusion, providing tools to balance professional and personal life, alongside comprehensive benefits.

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Common Interview Questions for Director of Data Governance Regulatory Initiatives, VP
Can you describe your experience with regulatory compliance in data governance?

In answering this question, focus on specific examples from your previous roles where you successfully navigated regulatory compliance issues related to data governance. Highlight your understanding of relevant regulations, the steps you took to ensure compliance, and the outcomes of your efforts.

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How do you prioritize competing projects and responsibilities in your role?

To effectively answer this question, discuss your project management strategies, such as using prioritization frameworks or communication tools to manage tasks. Provide examples of how you balanced multiple projects while delivering results on time.

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What frameworks or models do you believe are crucial for effective data governance?

Provide a comprehensive answer by mentioning specific data governance frameworks like DAMA-DMBOK or COBIT. Discuss how these frameworks facilitate governance and ensure compliance with regulations, relating them back to your experience in previous roles.

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How do you ensure cross-functional collaboration when managing data governance initiatives?

In your response, emphasize the strategies you use to foster collaboration across departments, such as regular meetings, collaborative tools, or stakeholder engagement plans. Give real-world examples where collaboration led to successful outcomes.

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What challenges have you faced in data governance and how did you overcome them?

Be prepared to discuss specific challenges you've encountered, such as resistance to change or misalignment on data practices. Share how you addressed these challenges and the lessons learned from the experience.

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Describe your experience with designing oversight frameworks for data governance.

Discuss any frameworks you've developed for oversight and reporting on data governance initiatives. Explain how these frameworks improved governance practices and compliance within your organization, and their impact on decision-making.

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What role does communication play in your approach to leading data governance initiatives?

Talk about how effective communication is essential in fostering understanding and buy-in from various stakeholders. Share methods you've used to communicate complex information clearly to diverse audiences, and the positive outcomes of your approach.

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How do you stay informed about the latest developments in data governance regulations?

Explain your strategies for keeping up to date with regulatory changes, such as attending industry conferences, participating in webinars, or being active in professional networks. This shows your commitment to continuous learning and adaptation.

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What metrics do you think are important for measuring the success of data governance initiatives?

Discuss specific metrics such as compliance rates, data quality scores, or stakeholder engagement levels. Explain how tracking these metrics can provide insights into the effectiveness of data governance efforts and drive improvements.

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How do you handle disagreements among stakeholders regarding data governance policies?

Share how you approach conflicts with an emphasis on open dialogue and seeking common ground. Provide examples of how you facilitated discussions to reach resolutions and ensure alignment on governance policies.

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At State Street, inclusion and diversity are embedded in our values and culture. We know that an inclusive culture and a diverse workforce make us stronger and more successful. In a fast-paced and evolving world, we make it a priority to ensure ...

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DATE POSTED
April 3, 2025

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